News

Elia Group annual results 2017

Elia Group strengthens and expands electrical grid while delivering a strong financial performance

23.02.2018

HIGHLIGHTS 2017

Grid investments of €486 million in Belgium and €461 million in Germany to secure further the uninterrupted supply of electricity and to accommodate increasing renewable energy flows

Very high system reliability (99.999%), benefiting 30 million end-users in Belgium and Germany

Normalised net profit1 up 28.9% to €216.6 million (Eurogrid up 58.2%, Elia up 8.8%), driven by the containment of operating costs in particular in Germany and, in Belgium, the full realisation of the strategic investment Programme

Dividend of €1.62 to be proposed at the General Meeting on 15 May 2018

Elia welcomes new chairman of the Board

21.12.2017

On Thursday 21 December, Elia’s Board of Directors appointed Bernard Gustin as the new chairman of the Board of Directors, for a period of 3 years with immediate effect. Bernard Gustin has been an independent non-executive director of the Elia Board since 16 May 2017.

Elia informed about discussions on possible sale of 50Hertz shares by IFM

14.12.2017

Elia System Operator SA/NV (Euronext: ELI) (“Elia”
or the “Company”) has been informed that IFM Investors (via Global InfraCo
S.à.r.l), its partner in the joint venture Eurogrid International SCRL, the holding company above 50Hertz Transmission GmbH (“50 Hertz
Transmission”), is in discussions to sell half of its 40% participation in
Eurogrid International SCRL to State Grid Corporation of China, or one of its
subsidiaries.

Roberte Kesteman appointed as independent director of Elia group

Half year results Elia Group: good progress on energy transition and solid financial performance in Belgium and Germany

28.07.2017

Highlights for the first half of 2017

Grid investments of €192 million in Belgium and €97 million in Germany to secure further the uninterrupted supply of electricity and to accommodate increasing renewable energy flows.

Very high system reliability (99.999%), benefiting 30 million end users in Belgium and Germany

Normalised net profit[3] up 31.1% to €111.0 million, mainly as a result of the realization of strategic investments and higher contributions in customer connections in Belgium (up 46.3%) and strong operational performance in Germany (up 16.8%).

Interim statement: Q1 2017

Good progress made on energy transition in Belgium and Germany

16.05.2017

In April 2017, Elia approved formally the investment for an 'electricity plug' or a 'modular offshore grid' (MOG) in the North Sea. Choosing in favour of an MOG is of strategic importance for the future of Belgium in terms of its participation in the further development of renewable energy in the North Sea.

Annual General Meeting of Shareholders approves 2016 financial results and dividend pay-out and also (re-)appoints directors

The Elia Group’s annual report is now online

18.04.2017

The annual report provides a general overview of Elia and 50Hertz’s activities in 2016 and focuses on Elia’s new strategy and its main challenges and activities in Belgium. The first paper copies of the report will be available in May.

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Corporate Video
Elia is a group comprising two electricity transmission operators, one in Belgium and the other in northeast Germany.

Corporate Video
Elia is a group comprising two electricity transmission operators, one in Belgium and the other in northeast Germany.

The Elia Group plays a key role in the European electricity market

The Elia Group encompasses two major transmission system operators (TSOs) in two different European regions: Elia Transmission in Belgium and 50Hertz Transmission -one of four German TSOs operational in north-east Germany.

Both TSOs operate at the heart of the European electricity grid as they balance the system 24/7 to ensure a safe supply of electricity to 30 million end users.

Being a Group of TSOs in different regions has given the Elia Group a unique perspective on how the electricity system works and evolves. This has allowed the company to build a solid track-record in tackling the major challenges of the energy transition.

Challenges

Dealing with the energy revolution

In order to cope with the ongoing energy transition, system operators have to show great flexibility in their management of the electricity system to ensure a safe supply of electricity at any time and a sustainable basis for the future evolution.

Activities

Energy transition = game changer

The dynamics of the energy revolution are not limited to national concerns but rather have an increasingly important European dimension. Grid reinforcement and extension are identified as key for mastering the changes.

Projects

Optimization, reinforcement & development

The EU electricity system needs a more integrated and powerful than today’s network to provide a sound basis for the energy transition. This means that grid maintenance and grid investment levels have to be enhanced respectively increased considerably.